Sherrys Hope Inc

Analysis

Sherrys Hope Inc is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sherrys Hope Inc reported income of $588k and spending of $473k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $588k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sherrys Hope Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Coulee Council on Addictions Inc ($588k), Eastern Pennsylvania Bleeding Disorders Foundation ($588k) and Renewed Hope Foundation Inc ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $76k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 3 employees.